Where Millennials’ Money Goes

Ann-Marie Vazzano

Millennials spend $2,300 more per year on groceries, restaurant dining, gas and cell phone bills than any other age group, according to a recent Bankrate survey. On average, they spend $9,568 on groceries ($797/month), $3,048 ($254/month) on gas, $2,796 ($233/month) on dining out and $1,932 ($161/month) on phone bills. GP